Intel, health stocks pull Wall Street out of slide
Intel and other chipmakers helped U.S. stocks overturn losses and move higher in late morning trading on Friday, while gains in energy and healthcare stocks also boosted the market.
U.S. dollar and stocks gain, Italy budget woes hit Europe
The U.S. dollar and stocks gained on Friday, but Italy’s government bonds, European stock markets and the euro were slammed by deepening worries about the Italian budget and its new higher-than-expected deficit target.
Audi names Rothenpieler as new technical director
German carmaker Audi named Hans-Joachim Rothenpieler on Friday as its new director for technical development.Rothenpieler replaces Peter Mertens, who asked the company’s supervisory board to release him from his duties on health grounds.
Atlanta Fed pares U.S. third-quarter GDP growth view to 3.6 percent
The U.S. economy is expanding at a 3.6 percent annualized rate in the third quarter, the Atlanta Federal Reserve’s GDPNow forecast model showed on Friday, following the release of August data on domestic consumption and income.
U.S. consumer spending rises, monthly inflation moderates
U.S. consumer spending increased steadily in August, supporting expectations of solid economic growth in the third quarter, while a measure of underlying inflation remained at the Federal Reserve’s 2 percent target for a fourth straight month.
U.S.-Mexico trade deal text to be released as focus remains on Canada
The text of the Trump administration’s trade agreement with Mexico is due to be released on Friday, launching a contentious approval process as pressure mounts on Canada to sign a revamping of the trilateral NAFTA pact.
Germany inches toward diesel fix, solution seen Monday: source
The German government is on track to find a solution for tackling pollution from diesel vehicles but there is no agreement yet, a government source said after Chancellor Angela Merkel chaired a meeting on Friday in Berlin.
Bank of America restricts trading in penny stocks
Bank of America is placing trading restrictions on penny stocks as part of a policy change aimed at shielding clients from risky assets, the Wall Street bank said on Friday.
Tesla five-year credit default swap hits highest price ever
Tesla’s 5-year credit default swap <TSLA5YUSAX=MG> hit its highest price ever on Friday, the morning after it was announced that the Securities and Exchange Commission was suing the company’s Chief Executive Elon Musk and pushing for his ouster….
U.S. stock options volume on pace for a record year
The U.S. listed equity options market is set for a record volume in 2018 due mainly to a resurgence in stock market gyrations after a couple of unusually quiet years, data from derivatives clearing organization OCC showed on Friday.
